BILL Holdings, Inc. (NYSE:BILL) SVP Sells $43,964.25 in Stock

BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota sold 803 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the transaction, the senior vice president now owns 6,861 shares in the company, valued at $375,639.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BILL Stock Performance

BILL opened at $55.06 on Friday. The business’s 50-day moving average price is $51.22 and its two-hundred day moving average price is $56.43. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $118.96. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of -69.70 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.63.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. The firm had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. Equities analysts expect that BILL Holdings, Inc. will post -0.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BILL has been the topic of several recent research reports. Susquehanna restated a “positive” rating and issued a $100.00 price target on shares of BILL in a research report on Monday, August 19th. BMO Capital Markets reduced their price target on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research report on Monday, August 26th. Mizuho reduced their price target on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. UBS Group reduced their price target on BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Robert W. Baird reduced their price target on BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.18.

Institutional Trading of BILL

A number of hedge funds and other institutional investors have recently modified their holdings of BILL. Quest Partners LLC acquired a new stake in shares of BILL in the fourth quarter valued at about $35,000. Advisors Asset Management Inc. increased its position in shares of BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after acquiring an additional 282 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of BILL in the second quarter valued at about $46,000. Benjamin F. Edwards & Company Inc. increased its position in shares of BILL by 57.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 811 shares of the company’s stock valued at $56,000 after acquiring an additional 295 shares during the last quarter. Finally, Garner Asset Management Corp acquired a new stake in shares of BILL in the fourth quarter valued at about $90,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

About BILL

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.